Bridgewater Co-CIO Prince: America’s Boom-Bust Economic Cycle Is Over
With rates still historically low, Prince says future Fed stimulus won't be enough to create a "boom."
With rates still historically low, Prince says future Fed stimulus won't be enough to create a "boom."
“The Journal’s article is based on interviews with multiple sources and we stand by the conclusions we reported."
The bet pays off if either the S&P 500 or the Euro Stoxx 50 — or both — declines by this spring.
Jensen says the Fed and other policy makers are still expecting stronger growth than Bridgewater sees.
For comparison's sake, the S&P 500 lost 4.4 percent and the average hedge fund lost 6.7 percent.
"The biggest mistake that most people make is to judge what will be good by what has been good lately."
Billionaire Bridgewater founder: Economy and market are like machines, with cause-effect relationships driving what happens.
Bridgewater, the largest hedge fund in the world, is anticipating GDP growth close to just 1% in 2019.
Bridgewater Associates founder also says if the trade war with China escalates, it will crush the market.
Today’s debt cycle is most reminiscent of the 1930s, a time of rising populism and growing income inequality.
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